As per the latest decision, the closing date is August 11
Bangalore urban and rural districts may have to wait longer for the City Gas Distribution project, with one more extension of the bid deadline.
This, however, does not seem to have affected the determination and plans of the State government to take on-board its venture with GAIL India Ltd., a private partner.
Even while scouting for a partner who is willing to pick up 50 per cent stake, the Infrastructure Development Department is getting ready to register the company — in which KSIIDC and GAIL India Ltd. will split the remaining 50 per cent equity.
A proposal in this regard will be taken to the Cabinet, according to Vanditha Sharma, Principal Secretary of the department.
Indeed, the State government seems all for the CGD network with Ms. Sharma, at a meeting here on Saturday, listing it among 75 of the 200 projects offering great scope on a public-private partnership mode. The select list of projects, entailing an investment of over Rs. 30,000 crore, includes development of a road network, development of a sea port and creating additional facilities at airports.
Significantly, a second runway at Kempegowda International Airport here, besides expansion of airports in Mysore, Bellary and Bidar, figure in it.
The project for supplying natural gas from the Dabhol-Bangalore pipeline to households and automobiles involves creating a grid and associated facilities.
The details, however, came against a backdrop that is only bound to take more time for the gas distribution project to materialise.Deadline extended
Late last month, the Petroleum and Natural Gas Regulatory Board (PNGRB) once more extended the bid deadline for the project. The process of inviting bids for setting up CGD in around 15 cities, including Bangalore, was initiated in September.
This is the third extension of the deadline and as per the original schedule, the process should have closed in the first half of February.
As per the latest decision of PNGRB, in the interest of enhancing competition, the bid closing date is August 11 (previously it was July 10). The extension was following requests from various prospective bidders/entities such as HPCL, BPCL, ONGC, GAIL Gas Ltd.
“No further request for time extension shall be entertained,” the regulator said.